Know the 5 D’s That Can Negatively Impact Business

Divorce

Are you prepared financially if you were to get divorced? What impact will a divorce have on your business?

Disagreement

What issues have you faced with your business partners? Would these issues build up to a business-ending dispute?

Disability

Are you prepared for any unforeseen medical conditions that may arise? How would a disability impact your day-to-day business operations?

Distress

Is your business facing financial distress? Do you have a contingency plan in place to avoid the impact of financial distress on your business?

Death

What will happen to your business if you or someone else in the business dies? Do you have written plans in place for the business in the event you are no longer around to run it?

 
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Four Good Questions to Ask Yourself as You Think about Succession Planning

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What Happens When Business Owners Learn to Work “On” the Business, Not “In” the Business